Published On: Mon, Jun 19th, 2017

Analysts Watch Gener8 Maritime, Inc. (NYSE:GNRT) And Issue New Targets


Recently stock market analysts have updated their consensus ratings on shares of Gener8 Maritime, Inc. (NYSE:GNRT).

Most recent broker ratings

08/25/2016 – Gener8 Maritime, Inc. had its “equal-weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 5 price target on the stock.

07/27/2016 – Gener8 Maritime, Inc. had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 13 price target on the stock.

07/12/2016 – Gener8 Maritime, Inc. had its “buy” rating reiterated by analysts at Citigroup. They now have a USD 12 price target on the stock.

05/04/2016 – Gener8 Maritime, Inc. had its “buy” rating reiterated by analysts at Seaport Global Securities. They now have a USD 15 price target on the stock.

07/20/2015 – UBS began new coverage on Gener8 Maritime, Inc. giving the company a “buy” rating. They now have a USD 21 price target on the stock.

07/20/2015 – Evercore ISI began new coverage on Gener8 Maritime, Inc. giving the company a “buy” rating.

Gener8 Maritime, Inc. has a 50 day moving average of 5.16 and a 200 day moving average of 4.97. The stock’s market capitalization is 462.92M, it has a 52-week low of 3.52 and a 52-week high of 6.94.

The share price of the company (NYSE:GNRT) was up +14.81%, with a high of 5.59during the day and the volume of Gener8 Maritime, Inc. shares traded was 2370146.

Gener8 Maritime, Inc. is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding. As of March 10, 2017, approximately 77% of its total fleet carrying capacity based on DWT, including newbuildings, was focused on VLCC vessels. As of March 10, 2017, all of its VLCC vessels were deployed in Navig8 Group’s VL8 Pool, all of its Suezmax vessels were deployed in Navig8 Group’s Suez8 Pool and all of its Aframax vessels were deployed in the Navig8 Group’s V8 Pool.